Schroder Investment Management Limited
31 Gresham Street, London EC2V 7QA
Telephone +44 (0)20 7658 6000
Fax +44 (0)20 7658 6965
www.schroders.com
News Release
Zurich launches new default fund
solution
1 May 2013, London
Zurich’s Corporate Savings business in the UK has launched today a new auto-enrolment default fund
solution in conjunction with Schroders. The Zurich Dynamic Lifestyle Portfolio will be available to new
and existing members of Zurich’s workplace pension schemes.
Zurich’s new default fund consists of three underlying funds. Schroders are managing the Mixed
Investments and the DC Pre-Retirement funds, while the Zurich Deposit & Treasury fund is managed
by Threadneedle.
The main features of the Zurich Dynamic Lifestyle Portfolio are:

A growth engine that combines a core equity portfolio, diversifying assets and explicit
downside risk management.

A downside risk management process that is applied automatically in volatile market
conditions, mitigating the chances of material loss of capital, whilst still allowing
Schroders to manage the portfolio to deliver real returns.

An innovative new approach to annuity price targeting in the pre-retirement phase, with a
portfolio that also seeks to reduce the effect of possible future rises in bond yields.

An automated de-risking facility that starts five years from an individual’s selected
retirement date. This allows DC members the possibility of benefiting fully from the
growth potential, whilst at the same time protecting them from large capital losses.

Rigorous governance monitoring and oversight.
Schroders plc
Registered office at above address
Reg. 3909886 England
1
For your security, communications may be taped or monitored
Schroder Investment Management Limited
31 Gresham Street, London EC2V 7QA
Telephone +44 (0)20 7658 6000
Fax +44 (0)20 7658 6965
www.schroders.com
Dave Lowe, Head of Corporate Propositions for Zurich UK Life said:
“Auto-enrolment has provided a timely opportunity to review our default option. We undertook
extensive customer research to find out what is important to them when making investment decisions.
We have listened to what our customers want and have designed our new default fund to provide an
effective, outcome-driven investment solution.”
“Following a comprehensive selection process, we appointed Schroders because we were really
impressed with the innovative design they developed, as well as their excellent reputation in managing
multi-asset, outcome-focussed funds.”
Stephen Bowles, Head of DC Investment at Schroders said:
“Zurich is one of the world’s leading providers of corporate life and pension services and as such had
a clear set of requirements for their default investment option from the outset. We are delighted to
have been able to engage with them and establish two unique strategies which have met all of their
requirements.
“One of the key components of the default strategy is the automated switching between Zurich Mixed
Investment and the Pre-Retirement strategies. We have undertaken extensive financial modelling to
test various switching scenarios. Due to the innovative way in which the Mixed Investment fund is
managed, the results indicated that it is possible to remain in the growth engine until five years from
retirement whilst still protecting the portfolio from large capital losses.”
For further information, please contact:
Rajan Lakhani
Senior Media Relations Manager
Zurich UK Life
Tel: +44 (020 7648 3503
Mobile: +44 (0)7875 887360
Email: rajan.lakhani@uk.zurich.com
Twitter: @zurichukmedia
Schroders plc
Registered office at above address
Reg. 3909886 England
Estelle Bibby
Senior PR Manager
Schroders Investment Management
Tel: +44 (0)20 7658 3431
Mobile:+44 (0)7770 496163
Email: estelle.bibby@schroders.com
Twitter: @schroderpension
2
For your security, communications may be taped or monitored
Schroder Investment Management Limited
31 Gresham Street, London EC2V 7QA
Telephone +44 (0)20 7658 6000
Fax +44 (0)20 7658 6965
www.schroders.com
Notes to Editors
About Zurich
Zurich’s UK Life business employs approximately 1200 staff in 13 locations and offers a range of
personal protection, pensions and investment policies available through financial intermediaries.
Zurich UK life also provides protection and pensions policies for the corporate market available
through employee benefit consultants.
Zurich’s UK Life business is operated primarily through two entities: Zurich Assurance Ltd and Sterling
ISA Managers Ltd. These entities are regulated by the Prudential Regulation Authority and Financial
Conduct Authority.
Zurich Insurance Group (Zurich) is a leading multi-line insurance provider with a global network of
subsidiaries and offices in Europe, North America, Latin America, Asia-Pacific and the Middle East as
well as other markets. It offers a wide range of general insurance and life insurance products and
services for individuals, small businesses, mid-sized and large companies as well as multinational
corporations. Zurich employs about 60,000 people serving customers in more than 170 countries. The
Group, formerly known as Zurich Financial Services Group, is headquartered in Zurich, Switzerland,
where it was founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is listed on
the SIX Swiss Exchange and has a level I American Depositary Receipt program (ZURVY) which is
traded over-the-counter on OTCQX. Further information about Zurich is available at www.zurich.com.
Schroders plc
Schroders is a global asset management company with £212.0 billion (EUR 261.3 billion/$344.5
billion) under management as at 31 December 2012. Our clients are major financial institutions
including pension funds, banks and insurance companies, local and public authorities, governments,
charities, high net worth individuals and retail investors.
With one of the largest networks of offices of any dedicated asset management company, we operate
from 33 offices in 27 countries across Europe, the Americas, Asia and the Middle East. Schroders
has developed under stable ownership for over 200 years and long-term thinking governs our
approach to investing, building client relationships and growing our business.
Further information about Schroders can be found at www.schroders.com.
Issued by Schroder Investment Management Ltd, which is authorised and regulated by the Financial
Conduct Authority. For regular updates by e-mail please register online at www.schroders.com for our
alerting service.
About Threadneedle
Threadneedle is a leading international investment manager with a strong track record of
outperformance across asset classes. We actively manage £84.0bn (as at 31 Mar 2013) of assets,
investing on behalf of individuals, pension funds, insurers and corporations. We are the 4th largest UK
retail fund manager1 and the 8th largest UK fund manager by AUM. In Europe we rank in the top 40.
Established in 1994 in London, Threadneedle has a presence in 16 countries.
Schroders plc
Registered office at above address
Reg. 3909886 England
3
For your security, communications may be taped or monitored
Schroder Investment Management Limited
31 Gresham Street, London EC2V 7QA
Telephone +44 (0)20 7658 6000
Fax +44 (0)20 7658 6965
www.schroders.com
Threadneedle's distinctive investment approach is based on creative thinking, sharing of ideas and
rigorous debate. Our c.150 investment professionals invest across developed and emerging market
equities, fixed income, commodities and UK property. In 2012, Threadneedle won over 100
prestigious fund management industry awards globally.
Threadneedle is owned by Ameriprise Financial (NYSE: AMP), a leading US diversified financial
services company with US$708bn in assets under management and administration. As its
international investment platform, Threadneedle provides Ameriprise and its retail and institutional
clients with world class investment solutions.
Schroders plc
Registered office at above address
Reg. 3909886 England
4
For your security, communications may be taped or monitored